On June 3rd, Snow Peak opened its first Snow Peak Cafe in China, as well as its sixth store, in Ziyang Mountain Villa, Mentougou, Beijing.

Currently, the Japanese tourism industry is shifting towards wealthier clientele because they are more willing to spend on high-end luxury goods and services.

Samantha Thavasa has reported a net loss for seven consecutive fiscal years, as well as operating losses for four consecutive years, as of the fiscal year ending in February 2023.

The group raised its full-year profit forecast from 350 billion yen in Q1 to 360 billion yen, higher than the average expectation of 347 billion yen by 14 analysts.

Meanwhile, Japan’s tourism industry is facing a record labor shortage.

According to Bloomberg Billionaires Index, Ito was the largest shareholder of Seven & i Holdings, with a net worth of $5 billion.

Citizen reports record high net profit in seven years, with a YoY increase of 14.6% to JPY 19.697 billion.

Snow Peak said that it continued to focus on creating new customers and turning existing users into loyal customers both in Japan and overseas.

Sales and profit growth in all regions, except China, exceeded expectations, the group said.

The goal of the “new strategic plan” is to double the brand’s sales to approximately 200 million euros within three years.